Business - Abia ThinkTank News

Oct

17

2023

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By Abia ThinkTank

Nigeria, Africa’s Largest Information Technology (IT) Market; Need For Effective Utilization For Nation Building – Nnate Ernest(Information Technologist)

Columns/Opinions/Letters, Business, Information Technology

IMPACT OF INFORMATION TECHNOLOGY FOR NATION BUILDING IN NIGERIA.By Nnate Ernest Nigeria is regarded as Africa's Largest Information technology (IT) market with about 82% of the continent's telecom subscribers and 29% of internet usage.The government of Nigeria recognizes IT as the enabler for developing other critical sectors including education, healthcare, agriculture, and manufacturing. What is information technology ? IT is the use of any computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data.However, IT is used in the context of organisation/business operations as opposed to technology used…

Oct

16

2023

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By Abia ThinkTank

Fuel Scarcity Hits Lagos And Environs; Scarcity Attributed To Bad Roads And High Cost Of Diesel For Distribution

Business, Lagos, Oil & Gas

Fuel Scarcity Hits Lagos And Environs As Most Petrol Stations Are Shut Petrol: Oil marketers shut filling stations as scarcity spreads to Lagos, environsTHERE were indications, yesterday, that petrol scarcity has returned to Lagos and its environs as many oil marketers shut their outlets against motorists and other buyers. The scarcity was noticed in Abuja and environs last week, development oil marketers had attributed to bad roads and high cost of diesel for distribution. But checks by Vanguard, over the weekend, indicated that many independent and major oil marketers were not open for business, leaving only the NNPC Limited to…

Oct

09

2023

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By Abia ThinkTank

Meet Pastor Jerry Eze, The Digital Evangelist Who Has Earned Almost N1bn From YouTube; Not Tithes, Not Offerings.

Abia State, Business, Religion

No Tithes, No Offerings: Meet Pastor Jerry Eze, the Digital Evangelist Who Has Earned Almost N1bn From YouTube Pastor Jerry Eze has earned about N867.1 million from his YouTube channel, which has over 1 million subscribers. He conducts daily and weekly prayers on YouTube and earns an average of N3 million daily from the channel. He also creates thousands of videos that have made him one of the highest-paid. A Nigerian preacher, Pastor Jerry Uchechukwu Eze, has found fame and fortune from leading prayers on YouTube. His prayer videos, which are watched and followed by over a million viewers on…

Oct

08

2023

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By Abia ThinkTank

11 Operational Newly Licensed Independent Electricity Distribution Network Operators(See List)

Abuja, Business, Power & Energy

11 Newly Licensed Independent Electricity Distribution Network Operators (See Full List) The Federal Government earlier this week announced that it had issued licences to 17 Independent Electricity Distribution Network operators, among which 11 are currently operational. The report was disclosed by the FG in the 2022 Market Competition Report released on Tuesday by the Nigeria Electricity Regulatory Commission, an agency of the Federal Government. The report, made available to The PUNCH, reads in part, “The commission has also licensed 17 Independent Electricity Distribution Network operators of which 11 are operational.” The 11 operators include: Gateway Electricity Limited Energy Company of…

Oct

02

2023

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AIIP Project: Alex Otti Is Repositing Abia State For Massive Investment – Amb. Osita Offor, UAAP Convener

Abia State, Business, Good Governance

AIIP Project: Gov. Alex Otti Is Repositing Abia State For Massive Investment – Amb. Osita Offor, UAAP Convener The leadership of United Abia Artistes and Patriots (UAAP), has described the Abia Industrial Innovation Park (AIIP) project at Owaza in Ukwa west LGA which was flagged off on Saturday 30th September 2023 by Governor Alex Chioma Otti OFR as a revolutionary project that will reposition the economy of Abia State. While speaking at the sideline of the project launch, the Convener of UAAP Amb. Dr. Osita Offor ‘Ultimate Commander’, posited that UAAP is extremely happy that Governor Alex Otti is doing…

Oct

02

2023

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BUA Cement To Sell At N3,500 Per Bag In All Outlets Effective 2nd October, 2023

Business, Economy

BUA Cement Plc, the second-largest cement producer in the Nigerian market, has announced the reduction of the price of cement to N3,500. The company, in a Press release on Sunday, October 1, said the new price will become effective on Monday, October 2. President Tinubu is excited about BUA Cement's reduction of the price of cement to N3,500 per bag. The current price of cement before the announcement is about N5,000 per bag. BUA Cement, owned by billionaire businessman Abdul Samad Rabiu, has a total combined installed capacity of 11 million mtpa. Meanwhile, Dada Olusegun, the Special Assistant to President…

Sep

13

2023

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Air Peace Begins Direct Flights To Saudi Arabia

Business, Transportation

Air Peace Begins Direct Flights To Saudi Arabia West and Central Africa’s largest carrier, Air Peace, has concluded plans to commence direct flights from Nigeria to Jeddah, Saudi Arabia. The inaugural flight is slated to take place in October 2023. The airline made this disclosure during an engagement session with travel agents in Kano yesterday. Lagos and Kano to Jeddah will operate three days every week with a possible connection from Abuja. However, while commenting on the development, Air Peace’s Ground Operations Manager, Ayodeji Adeyemi, stated that the connectivity would be direct using the luxury Boeing 777. He commended the…

Sep

08

2023

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“This Is The Best Time To Invest In Nigeria”: Tony Elumelu Tells Indian Investors

Business, FGN

Tony Elumelu Tells Indian Investors: “This is the Best Time to Invest in Nigeria” Investment pledges amounting to nearly $14 billion U.S. dollars were committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi convened by H.E. President Bola Ahmed Tinubu. Heirs Holdings Group Chairman, Tony O. Elumelu C.F.R., urged the Indian private sector to seize the opportunity to invest in Nigeria, during the Nigeria-India Presidential Roundtable and Conference on Wednesday, September 6th, 2023, in New Delhi, India, jointly organised by the High Commission of Nigeria to India, the Confederation of Indian Industry (CII) and the Nigeria-India Business Council…

Aug

17

2023

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By Abia ThinkTank

Abia Plans MOU With Nasarawa-Based Firm, As Gov Otti Visits CSS Farms

Abia State, Business

ABIA PLANS MoU WITH NASARAWA-BASED FIRM, AS GOV OTTI VISITS CSS FARMS The Abia State Government is set to enter into a memorandum of understanding (MoU) with CSS Integrated Farms, an arrangement that would see the Nasarawa State-based farm train Abia farmers. Abia State Governor, Dr. Alex Otti, OFR, made this known on Wednesday while on a working visit to CSS Farms, owned by a former Executive Secretary of the Nigerian Christian Pilgrims Welfare Board, Prof John Kennedy Opara. The Governor, encouraged by the large-scale mechanised farming going on at CSS, told his host that he would immediately direct the…